Business Strategy We have positioned this year as the one in which Canon returns to a path of growth‚ achieving sales and profit growth. To realize this objective‚ it is essential that we reinforce our high value added products. Today‚ I will start by discussing our business strategies‚ first for strengthening existing businesses‚ then for new businesses‚ and finally for future technologies. Strengthening Existing Businesses: Copying Machines and LBPs As for copying machines‚ with imageRUNNER
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BUSINESS STRATEGIC DEVELOPMENT CANON DIVERSIFICATION STRATEGY [pic] By: NURSYAH FAHMANSYAH RIZKI (0832200304) Magister Manajemen Sistem Informasi Universitas Bina Nusantara 2009 DIVERSIFICATION Definition Diversification is a form of growth marketing strategy for a company. It seeks to increase profitability through greater sales volume obtained from new products and new markets. Diversification can occur either at the business unit or at the corporate level. At the business unit
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technological innovation‚ aiming to be a corporation worthy of admiration and respect worldwide. In the five-year first phase of the plan‚ which began in 1996‚ Canon inculcated in the Group the concepts of profit orientation and total optimization‚ introducing production reforms by means of the cell production system‚ and cash flow-based consolidated business performance evaluation. In the second phase of the plan‚ which began in 2001‚ they have aimed to become No.1 in all our businesses and strengthen our
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Case Study: Canon - Competing on Capabilities Introduction In 1925‚ a German camera maker named Oskar Barnack‚ developed a new‚ ground-breaking camera called the Leica. It was not until 1933 that a company responded to the success of Barnack’s creation and produced their own 35 millimeter version of his innovative design. Thus was born the Canon Company. By the 1950’s‚ Canon attained the title of leading producer of cameras in Japan. Since that time‚ Canon has made it a point to expand and diversify
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Understand how the marketing plan supports strategic objectives 1.1 Explain how the strategy of the organisation impacts on the marketing plan 1.2 Identify the component parts of a marketing plan 1.3 Identify issues of risk within a marketing plan 2. Understand the construction of a marketing plan 2.1 Identify the levels of importance of each component of the plan 2.2 Identify mitigation strategies for high risk components of the plan 2.3 Produce a marketing plan 3. Understand how to
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Canon: Modifying a Successful Strategy Canon is a Japan-based manufacturer‚ with worldwide sales exceeding US$45 billion‚ and profits of almost US$3 billion. Canon’s well-known product lines include business machines‚ medical equipment‚ semiconductors‚ cameras‚ video equipment‚ and broadcast equipment. Business products account for 75 per cent of Canon’s total annual sales‚ cameras represent 18 per cent of sales‚ and optical equipment and other products comprise 7 per cent of sales. In most
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Vietnam market to date‚ Canon has applied the appropriate marketing strategies to enhance brand and market share in the market. In this report‚ the strategic marketing mix will be analyzed. New product development Product SELPHY photo printers and Laser printers has attracted the attention of customers. To continue that success‚ Canon has improved and developed new products are ES3 of SELPHY line‚ the LBP3250 and LBP5050 of laser printer line. With the development of products‚ Canon is targeting the youth
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Case Study Reoport - Canon The report analyses the success factors of Canon’s business during their globalization in 1960s and 1970s‚ then next discusses the recommendation for Xerox to combat Canon. The report consists of the following sections. Background of the Company history / products Canon Strategy Strengths of Canon Weaknesses of Canon Introduction to Xerox Xerox Strategy Recommendations for Xerox Background of the Company Canon started its business as a camera company in
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Camera For the products of canon‚ their digital cameras are in the growth stage. Their camera have been experiencing rapid increases in sales. It is in this stage that competitors appear. The result of more competitors and more aggressive pricing is that profit usually peaks during the growth stage. Product sales in the growth stage grow at an increasing rate because of new people trying or using the product and a growing proportion of repeat purchasers. Changes start to appear in the product
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Adam Smith’s Four Main Canons of Taxation ↓ A good tax system is one which is designed on the basis of an appropriate set of principles (rules). The tax system should strike a balance between the interest of the taxpayer and that of tax authorities. Adam Smith was the first economist to develop a list of Canons of Taxation. These canons are still regarded as characteristics or features of a good tax system. Adam Smith gave following four important canons of taxation. 1. Canon of Equity The principle
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